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Politics : Ask Michael Burke

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To: Franco Battista who wrote (68140)	9/23/1999 8:55:00 PM
From: Greg Jung	Read Replies (2) of 132070

If we've already seen the "stealth" bear market via poor market breath, etc., then will a final sell-off of the narrow "winner's circle" be the short-lived finale, and everything can go back up again? Once the first layers of excess is cleared in SUNW, HLIT, EMLX, PG, etc. what of the stocks that hold traditional value. Will they have to wait until the crazy valuation is squeezed from each corner of the market, or do we simply forget about tech stocks for a yaer or so and retain value in the more conservative stock plays such as those currently selling at single-digit multiples? I think the playful money is still churning and they will just travel through different sectors for a while, including some technology niches. This week is simply the week following options expiration. Going into Sept/Oct typical volatile trading. Nothing unusual. Buy the dip. Greg

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